Marcellus Investment Managers’ PMS AUM fell 64% to Rs 4,734 crore. Founder Saurabh Mukherjea welcomed criticism, citing past failures as learning experiences. The fund’s consistent compounders portfolio delivered a 17.4% CAGR, aligning with EPS growth. Marcellus acknowledged valuation missteps but expects a recovery.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq